Issue link: http://resourceworld.uberflip.com/i/937377
16 www.resourceworld.com F E B R U A R Y / M A R C H 2 0 1 8 However, optimization studies point to higher production potential in the future. In New Zealand, OceanaGold's Macraes gold project, 100 km north of Dunedin on the South Island, is the largest gold min- ing operation in the country. The project comprises two mines: Macraes Open Pit, which has been operating since 1990 and Frasers Underground, which was com- missioned in 2008. The project's current production guidance is 180,000 to 190,000 oz. per year. In the Philippines, OceanaGold owns and operates the high-grade gold-copper Didipio Mine which is located approxi- mately 270 km north of Manila on the Island of Luzon. The mine, which has a nominal production rate of 100,000 oz. gold + 14,000 tonnes copper, is currently transitioning to underground operations. Atac Resources Ltd. [ATC-TSXV] has reported some impressive results from its 1,700 km 2 Rackla gold property in the Yukon which is said to be the first discov- ery of Carlin-type gold mineralization in Canada. It was discovered in 2010 through follow-up stream sediment sampling of highly anomalous arsenic values from the Yukon Government database. Recent work on the property has resulted in a positive Preliminary Economic Assessment for the Tiger gold deposit, drilling of multiple high-grade Carlin-type gold zones and the identi- fication of numerous early-stage gold exploration targets. ATAC and Barrick Gold recently partnered to explore the Rackla gold prop- erty's Orion Project, with Barrick having the option to earn up to 70% of Orion by spending $55 million in exploration. ATAC is well-financed with approximately $13 million in its treasury and recently completed an approximate $10 million exploration program at the Osiris and Rau Projects (which are not subject to Barrick's earn-in right), while concurrently working with Barrick to advance the Orion Project. Exceptional grades were encountered late last year in a step-out drilling pro- gram on its 100%-owned Osiris Project. Hole OS-17-257 from the Conrad Zone intersected 12.19 metres of 9.44 g/t gold, a 75-metre step-out from hole OS-17-238 which returned 12.50 metres of 20.78 g/t gold. "Drill results from the 650 Fault area at the Conrad Zone are particularly exciting as many are near-surface and represent some of the highest grade intersections recorded to date. The full extent of the gold mineralization at the 650 Fault area is not yet known and remains open for extension to the east and at depth," notes the company's President and CEO, Graham Downs. British Columbia's Golden Triangle in the northwestern part of the province has played host to a number of high-grade past-producing gold-silver mines includ- ing the Premier, Eskay Creek and Snip operations.